Vivint Solar Begins Operations in Delaware

LEHI, Utah, Nov. 2, 2017 /PRNewswire/ -- Vivint Solar, Inc. (NYSE: VSLR), a leading full-service residential solar provider, today announced it has expanded availability of its affordable solar energy systems into Delaware. Following this expansion into the "First State," Vivint Solar now operates in 21 states.

Delaware's renewables portfolio standard (RPS) targets to achieve 25 percent of its power from renewables by 2025, with 3.5 percent required from solar. Delaware residents who wish to install solar energy systems can interconnect to the grid under traditional net metering.

"We are pleased to help Delaware residents embrace clean energy and invest in their state's progressive energy infrastructure," said Vivint Solar CEO David Bywater. "Delaware's strong solar policies empower the people of Delaware to enjoy greater energy independence and be better stewards of the environment."

Delaware residents will be able to purchase a system from Vivint Solar outright or finance the purchase with monthly payments through one of the institutions Vivint Solar has relationships with, or through their preferred lender. 

As part of each sale, Vivint Solar designs and installs the system, allowing customers to enjoy the benefits of affordable, renewable solar energy. Vivint Solar has deep installation expertise, having completed over 113,000 installations throughout the United States.

Vivint Solar has expanded into seven additional states in 2017 and operates in 21 states in total: Arizona, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Vermont and Virginia. 

For more information, visit www.vivintsolar.com/state/delaware.

About Vivint Solar

Vivint Solar is a leading full-service residential solar provider in the United States. With Vivint Solar, customers can power their homes with clean, renewable energy. Offering integrated residential solar solutions for the entire customer lifecycle, Vivint Solar designs and installs the solar energy systems for its customers, and offers monitoring and maintenance services. In addition to being able to purchase a solar energy system outright, customers may benefit from Vivint Solar's affordable, flexible financing options, power purchase agreements, or lease agreements, where available. Through an exclusive collaboration in the United States, Vivint Solar offers solar plus storage systems with Mercedes-Benz batteries. For more information, visit www.vivintsolar.com or follow @VivintSolar on Twitter.

Note on Forward-looking Statements

This press release contains forward-looking statements as defined within the meaning of the federal securities laws, including statements regarding growth targets for solar and other renewable energy in Delaware, the ability of Delaware's resident to enjoy greater energy independence and be better stewards of the environment. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are based on current expectations and assumptions regarding future events and business performance as of the date of this press release, and they are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including but not limited to the risks set forth in the registration statements and reports that Vivint Solar files with the U.S. Securities and Exchange Commission, which are available on the Investor Relations section of its website at www.vivintsolar.com. Vivint Solar does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Press Contact

Vivint Solar
Ashlyn Hewlett, Method Communications
801-461-9772 
ashlyn@methodcommunications.com

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SOURCE Vivint Solar